Constitutionality of banks as tax collectors
The Association of Bureau De Change Operators of Nigeria recently raised an alarm over the on-going practice of banks denying their members access...
Study seeks standard measures against aviation fuel contamination
A pioneering local study on microbial contamination of aviation fuel and its handling system in the country has urged quality control agencies...
CITA, Puma sign pact to boost aviation fuel supply
CITA petroleum, an indigenous aviation fuel handling company, has signed pact with Puma Energy in a bid to enhance Jet-A1 supply in the aviation industry. The new deal is expected to create supply and availability to tackle the perennial shortage and distribution logistics challenges affecting the nation’s aviation sector. It will be recalled that…
What the definition of connected taxable persons can teach us about definitional fallacies
Imagine you have no clue what the term “Married person” means; and I am to help you out. If I said to you: “a Married person means a person that is married”; have I been helpful? This is an example of a circular definition.
Operators attribute declining profits to high income tax
Operators in the nation’s insurance sector have expressed discomfort over the heavy tax burden being placed on them by the Companies Income Tax Amendment Act 2007 (CITA), which now constitutes a big clog to their profitability.